Code of Alabama

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22-21-320
Section 22-21-320 Securities of authority. Securities of an authority may be executed and delivered
by it at any time and from time to time, shall be in such form and denominations and of such
tenor and maturity or maturities not exceeding 40 years from their date, shall bear such rate
or rates of interest (which may be fixed or which may float or vary based on some index or
other standard deemed appropriate by the board), shall be payable and evidenced in such manner,
may contain provisions for redemption prior to maturity and may contain other provisions not
inconsistent with this article, all as may be provided by the resolution of the board authorizing
the same or by the indenture whereunder such securities are authorized to be issued. Each
such security having a specified maturity date more than 10 years after its date shall be
made subject to redemption at the option of the authority at the end of the tenth year after
its date, and on any interest payment date thereafter, under...
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32-13-3
Section 32-13-3 Authority to sell; notice; bill of sale; records; voiding of sale; title. (a)
A person, as defined in Section 40-12-240, in possession of a motor vehicle that is considered
an abandoned motor vehicle may sell the motor vehicle at a public auction. (b)(1) Notice of
the date, time, and place of the sale and a description of the motor vehicle to be sold, including
the year, make, model, and vehicle identification number, shall be given by publication once
a week for two successive weeks in a newspaper of general circulation in the county in which
the sale is to be held, provided the vehicle is currently registered in the county. In counties
in which no newspaper is published, notice shall be given by posting such notice in a conspicuous
place at the courthouse. The first publication or posting, as the case may be, shall be at
least 30 days before the date of sale. A person selling a motor vehicle at public auction
under subsection (a) shall give notice of the public...
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41-10-360
Section 41-10-360 Sale of bonds at public auction; rejection of bids; notice of sale; terms
and conditions of sale; expenses, fees, etc.; recital that bonds issued pursuant to article.
Each series of the bonds shall be sold at such time or times as the directors may determine
at public sale pursuant to competitive bidding, either on sealed bids or at public auction,
to the bidder whose bid reflects the lowest total net interest cost to the authority for the
bonds being sold, computed from the date of those at the time being sold to their respective
maturities; provided, that if no bid acceptable to the authority is received it may reject
all bids. Notice of the sale of any bonds at public sale shall be given either (1) by publication
in either a financial journal or a financial newspaper published in the City of New York,
New York, or (2) by publication in a newspaper published in the state which is customarily
published not less often than six days during each calendar week, which...
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11-86A-15
Section 11-86A-15 Security for bonds. (a) In the discretion of the board of directors of an
authority, any bonds may be secured by an indenture between an authority and a trustee, which
may be a trust company or bank having trust powers, whether the trust company or bank is located
within or outside of the state. In any indenture or resolution providing for the issuance
of bonds, an authority may pledge, for payment of the principal of and the interest on such
bonds, any of its revenues to which its rights exist or may thereafter come into existence,
and may assign, as security for payment, any of its leases, franchises, permits, and contracts.
In any indenture, an authority may mortgage any properties, including any that may be thereafter
acquired by it, and may provide that in the event of a default in payment of the bonds secured
thereby or in the event of default with respect to any agreement contained therein, the mortgage
may be foreclosed either by sale at public outcry or by...
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11-99A-15
Section 11-99A-15 Issuance of bonds by districts; terms and assessments. (a) A district may
borrow money by the issuance of bonds, which bonds shall be revenue obligations, payable exclusively
out of assessments levied on land within the district, and the bonds shall not be supported
by the full faith and credit of the appointing government. However, the bonds may be secured
by additional revenues, guarantees, pledges, letters of credit, or other credit enhancements
as may be provided by the district, the owner of any property within the district, or any
other person, to the extent provided in the proceedings of the board with respect to the issuance
of the bonds. (b) Bonds of a district shall be signed by its chair and attested by its secretary,
the seal of the district may be affixed thereto, and any interest coupons applicable to the
bonds shall be signed by the chair; provided that: (1) a facsimile of the signature of the
officers may be printed or otherwise reproduced on any bonds...
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37-13-13
Section 37-13-13 Bonds of authority - Security. In the discretion of the authority any bonds
may be issued under and secured by an indenture between the authority and a trustee. Said
trustee may be a private person or corporation, including (but not limited to) any trust company
or bank having trust powers, whether such bank or trust company is located within or without
the state. In any such indenture or resolution providing for the issuance of bonds, the authority
may pledge, for payment of the principal of and the interest on such bonds, any of its revenues
to which its right then exists or may thereafter come into existence and may assign, as security
for such payment, any of its leases, franchises, permits and contracts; and in any such indenture,
the authority may mortgage any of its properties, including any that may be thereafter acquired
by it. Any such pledge of revenues shall be valid and binding from the time it is made, and
the revenues so pledged and thereafter received...
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4-3-17
Section 4-3-17 Security for bonds. In the discretion of the authority, any bonds may be issued
under and secured by an indenture between the authority and a trustee. Said trustee may be
a private person or corporation, including but not limited to any trust company or bank having
trust powers, whether such bank or trust company is located within or without the state. In
any such indenture or resolution providing for the issuance of bonds, the authority may pledge,
for payment of the principal of and the interest on such bonds, any of its revenues to which
its right then exists or may thereafter come into existence and may assign as security for
such payment, any of its leases, franchises, permits and contracts; and, in any such indenture
the authority may mortgage any of its properties, including any that may be thereafter acquired
by it. Any such pledge of revenues shall be valid and binding from the time it is made, and
the revenues so pledged and thereafter received by the authority...
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45-37A-56.35
Section 45-37A-56.35 Security of bonds. In the discretion of the authority any bonds may be
issued under and secured by an indenture between the authority and a trustee. The trustee
may be a private person or corporation, including, but not limited to, any trust company or
bank having trust powers, whether such bank or trust company is located within or without
the state. In any such indenture or resolution providing for the issuance of bonds the authority
may pledge, for payment of the principal of and the interest on such bonds, any of its revenues
to which its right then exists or may thereafter come into existence and may assign, as security
for such payment, any of its leases, franchises, permits, and contracts; and in any such indenture
the authority may mortgage any of its properties, including any properties thereafter acquired
by it. Any such pledge of revenues shall be valid and binding from the time it is made, and
the revenues so pledged and thereafter received by the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-56.35.htm - 4K - Match Info - Similar pages

11-101A-11
Section 11-101A-11 Sale of securities. Securities of an authority may be executed and delivered
by it at any time and from time to time, shall be in such form and denominations and of such
tenor and maturity or maturities not exceeding 40 years from their date, shall bear such rate
or rates of interest, which may be fixed or which may float or vary based on some index or
other standard deemed appropriate by the board, shall be payable and evidenced in such manner,
may contain provisions for redemption prior to maturity and may contain other provisions not
inconsistent with this chapter, all as may be provided by the resolution of the board authorizing
the same or by the indenture under which those securities are authorized to be issued. Any
borrowing may be effected by the issuance and sale of securities at either public or private
sale in such manner, at such price or prices, at such time or times, and on such other terms
and conditions as may be determined by the board to be most...
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16-13-71
Section 16-13-71 Terms and conditions; sale; use of proceeds. (a) Warrants issued pursuant
to the provisions of this article may bear such rate or rates of interest, not exceeding 12
percent per annum, payable semiannually (provided that the first interest payment date may
be at any time not later than nine months after the date of such warrants), may be in such
denomination or denominations, may have such maturity or maturities not exceeding 30 years
from their date (provided that warrants payable, as to both principal and interest, out of
the proceeds of any privilege, license or excise tax or taxes, may have a maturity or maturities
not exceeding 40 years from their date), may be made redeemable prior to maturity at the option
of the issuing board of education at such redemption price or prices and on such terms and
conditions, may be payable at such place or places within or without this state, may be executed
in such manner and may contain such terms and details not in conflict...
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